Today: December 22, 2024
December 21, 2024
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Treasury says goodbye to 2024 without gasoline subsidies

Treasury says goodbye to 2024 without gasoline subsidies

It should be noted that every Friday the Treasury publishes fuel subsidies. For the following week, they are expected to announce the new IEPS amounts that will apply for 2025 and that are updated for inflation each year.

Why will there be no subsidies?

The Treasury has the power to grant subsidies to the IEPS to cushion increases in international prices, preventing them from having inflationary impacts in the country.

When prices remain stable or without large increases, the agency collects the full special tax on production and services. This helps tax collection.

How much does gasoline cost?

This Friday, December 20, the average price per liter of magna gasoline is 23.98 pesos, the one of the premium is 25.34 pesos and the diesel has an average price of 25.70 pesos, according to the Petrointelligence.com site.



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